Blackrock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its stake in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,715,994 shares of the investment management company’s stock after purchasing an additional 79,381 shares during the quarter. Blackrock Credit Allocation Income Trust comprises about 1.2% of Sit Investment Associates Inc.’s holdings, making the stock its 13th largest position. Sit Investment Associates Inc. owned 3.44% of Blackrock Credit Allocation Income Trust worth $49,497,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC purchased a new position in shares of Blackrock Credit Allocation Income Trust in the third quarter valued at $136,000. Bank of New York Mellon Corp purchased a new position in shares of Blackrock Credit Allocation Income Trust in the second quarter valued at $156,000. Goldman Sachs Group Inc. grew its position in shares of Blackrock Credit Allocation Income Trust by 26.2% in the second quarter. Goldman Sachs Group Inc. now owns 13,159 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 2,731 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of Blackrock Credit Allocation Income Trust in the second quarter valued at $180,000. Finally, Virtu KCG Holdings LLC purchased a new position in shares of Blackrock Credit Allocation Income Trust in the second quarter valued at $185,000.

Shares of Blackrock Credit Allocation Income Trust (BTZ) traded down $0.02 during midday trading on Wednesday, hitting $13.19. The stock had a trading volume of 233,600 shares, compared to its average volume of 426,230. Blackrock Credit Allocation Income Trust has a one year low of $12.59 and a one year high of $13.66.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, January 9th. Investors of record on Friday, December 29th were paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend was Thursday, December 28th.

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About Blackrock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Institutional Ownership by Quarter for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

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